MOSCOW (MRC) -- The ABB Ability Genix Industrial Analytics and AI Suite is a scalable advanced analytics platform with pre-built, easy-to-use applications and services, said Hydrocarbonprocessing.
It collects, contextualizes and converts operational, engineering and information technology data into actionable insights that help industries improve operations, optimize asset management and streamline business processes safely and sustainably.
Analyst studies suggest that industrial companies typically are able to use only 20 percent? of the data generated, which severely limits their ability to apply data analytics meaningfully. ABB’s new solution operates as a digital data convergence point where streams of information from diverse sources across the plant and enterprise are put into context through a unified analytics model. Application of artificial intelligence on this data produces meaningful insights for prediction and optimization that improve business performance.
"We believe that the place to start a data analytics journey in the process, energy and hybrid industries is by building on the existing digital technology – the automation that controls the production processes," said Peter Terwiesch, President of ABB Industrial Automation. “We see a huge opportunity for our customers to use their data from operations better, by combining it with engineering and information technology data for multi-dimensional decision making. This new approach will help our customers make literally billions of better decisions."
ABB Ability Genix is composed of a data analytics platform and applications, supplemented by ABB services, that help customers decide which assets, processes and risk profiles can be improved, and assists customers in designing and applying those analytics. Featuring a library of applications, customers can subscribe to a variety of analytics on demand, as business needs dictate, speeding up the traditional process of requesting and scheduling support from suppliers.
Scalable from plant to enterprise, ABB Ability Genix supports a variety of deployments including cloud, hybrid and on-premise. ABB Ability Genix leverages Microsoft Azure for integrated cloud connectivity and services through ABB’s strategic partnership with Microsoft.
“The ABB Ability Genix Suite brings unique value by unlocking the combined power of diverse data, domain knowledge, technology and AI," said Rajesh Ramachandran, Chief Digital Officer for ABB Industrial Automation. "ABB Ability™ Genix helps asset-intensive producers with complex processes to make timely and accurate decisions through deep analytics and optimization across the plant and enterprise.
"We have designed this modular and flexible suite so that customers at different stages in their digitalization journey can adopt ABB Ability Genix to accelerate business outcomes while protecting existing investments."
A key component of ABB Ability™ Genix is the ABB Ability Edgenius Operations Data Manager that connects, collects, and analyzes operational technology data at the point of production. ABB Ability Edgenius uses data generated by operational technology such as DCS and devices to produce analytics that improve production processes and asset utilization. ABB Ability Edgenius can be deployed on its own, or integrated with ABB Ability Genix so that operational data is combined with other data for strategic business analytics.
"There is great value in data generated by automation that controls real-time production,” said Bernhard Eschermann, Chief Technology Officer for ABB Industrial Automation. "With ABB Ability Edgenius, we can pull data from these real-time control systems and make it available to predict issues and prescribe actions that help us use assets better and fine-tune production processes."
As MRC informed previously, global oil consumption cut by up to a third in Q1 2020. What happens next in the oil market depends on how quickly and completely the global economy emerges from lockdown, and whether the recessionary hit lingers through the rest of this year and into 2021.
Earlier this year, BP said the deadly coronavirus outbreak could cut global oil demand growth by 40 per cent in 2020, putting pressure on Opec producers and Russia to curb supplies to keep prices in check.
And in September 2019, six world's major petrochemical companies in Flanders, Belgium, North Rhine-Westphalia, Germany, and the Netherlands (Trilateral Region) announced the creation of a consortium to jointly investigate how naphtha or gas steam crackers could be operated using renewable electricity instead of fossil fuels. The Cracker of the Future consortium, which includes BASF, Borealis, BP, LyondellBasell, SABIC and Total, aims to produce base chemicals while also significantly reducing carbon emissions. The companies agreed to invest in R&D and knowledge sharing as they assess the possibility of transitioning their base chemical production to renewable electricity.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.